Pembina Pipeline Co. (NYSE:PBA) Shares Sold by NBC Securities Inc.

NBC Securities Inc. lessened its holdings in shares of Pembina Pipeline Co. (NYSE:PBA) (TSE:PPL) by 6.6% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,650 shares of the pipeline company’s stock after selling 259 shares during the quarter. NBC Securities Inc.’s holdings in Pembina Pipeline were worth $150,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of PBA. Vanguard Group Inc. grew its stake in Pembina Pipeline by 1.7% in the fourth quarter. Vanguard Group Inc. now owns 21,592,770 shares of the pipeline company’s stock worth $743,223,000 after purchasing an additional 370,234 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of Pembina Pipeline by 5.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 26,973 shares of the pipeline company’s stock valued at $928,000 after acquiring an additional 1,437 shares during the last quarter. Mather Group LLC. acquired a new stake in shares of Pembina Pipeline during the 1st quarter valued at approximately $88,000. Disciplined Investments LLC bought a new position in Pembina Pipeline during the first quarter worth $548,000. Finally, Viking Fund Management LLC boosted its holdings in Pembina Pipeline by 0.9% in the first quarter. Viking Fund Management LLC now owns 91,400 shares of the pipeline company’s stock worth $3,230,000 after purchasing an additional 800 shares during the period. 55.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on PBA. UBS Group started coverage on shares of Pembina Pipeline in a report on Wednesday, September 11th. They set a “neutral” rating on the stock. Citigroup raised their target price on shares of Pembina Pipeline from $53.00 to $56.00 and gave the stock a “neutral” rating in a report on Wednesday, August 28th. Finally, Raymond James began coverage on Pembina Pipeline in a report on Friday, October 11th. They set an “outperform” rating for the company. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.50.

Pembina Pipeline Trading Down 0.7 %

Pembina Pipeline stock opened at $43.05 on Friday. The firm has a 50-day moving average price of $40.77 and a two-hundred day moving average price of $38.15. Pembina Pipeline Co. has a 52-week low of $30.23 and a 52-week high of $43.44. The firm has a market capitalization of $24.96 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 5.82 and a beta of 1.25. The company has a quick ratio of 0.55, a current ratio of 0.68 and a debt-to-equity ratio of 0.77.

Pembina Pipeline (NYSE:PBA) (TSE:PPL) last issued its quarterly earnings data on Thursday, August 8th. The pipeline company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.21. Pembina Pipeline had a return on equity of 13.68% and a net margin of 23.50%. The business had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 30.5% compared to the same quarter last year. Sell-side analysts expect that Pembina Pipeline Co. will post 2.42 earnings per share for the current year.

Pembina Pipeline Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Monday, September 16th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 4.65%. The ex-dividend date of this dividend was Monday, September 16th. Pembina Pipeline’s payout ratio is currently 88.70%.

About Pembina Pipeline

Pembina Pipeline Corporation provides energy transportation and midstream services. It operates through three segments: Pipelines, Facilities, and Marketing & New Ventures. The Pipelines segment operates conventional, oil sands and heavy oil, and transmission assets with a transportation capacity of 2.9 millions of barrels of oil equivalent per day, the ground storage capacity of 10 millions of barrels, and rail terminalling capacity of approximately 105 thousands of barrels of oil equivalent per day serving markets and basins across North America.